The lunch session on co-financing was held on 4 March 2009 with the following purposes:
There were 30 participants in the session including the project managers and country presence officers from Bangladesh, Cambodia, India, Indonesia, Laos, Philippines, Sri Lanka, and VietNam. In addition, there were ten IFAD staff, plus representatives from partners such as WFP, UNDP and SEARCA.
To set the scene for discussion the following facts were shared with the participants. Out of IFAD-assisted 52 projects in 2008, 27 projects were co-financed (23 were IFAD-initiated and co-financed by others; 4 were other institution-initiated and co-financed by IFAD). IFAD's corporate target for co-financing is to achieve a ratio of 1:1, of which 30% should be IFAD co-financing other donor funded projects, leaving 70% of IFAD projects having to seek to mobilize co-financing from others.
During the animated discussion the following key points were raised by project directors / managers:
Some of the key recommendations that emerged from the discussions were the following: